428 Central Ave, East Orange City, NJ 07018
Essex County
Key Facts
Description
Welcome to this turn-key lounge and bar located in the heart of East Orange. This highly visible commercial property offers approximately 7500 square feet and can comfortably seat 100 patrons. The interior of the building was completely remodeled in 2015, providing a modern and inviting atmosphere. The sale includes a Plenary Retail Consumption (C) liquor license, adding significant value and opportunity for a new owner. The first floor features a beautifully remodeled bar with ample seating, surrounded by multiple TVs perfect for entertainment and events. A commercial kitchen equipped with the necessary equipment allows for food service operations and additional revenue potential. The second level offers tables and chairs set up for dining, while the rear bar area has been fully remodeled and includes DJ speakers above the bar and a dedicated loft-style DJ booth, along with additional seating. The property also includes two residential apartments: one four-bedroom, one-bath unit and one two-bedroom, one-bath unit. A full basement offers abundant storage space. This is a unique opportunity to own a versatile property with endless possibilities. Bring your vision and take this lounge to the next level. Walking distance to the East Orange Train Station with an approximate 25-minute commute to New York City, making this an ideal location for both business and residential use.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1930
Stories
2
Living Area
7,500 sq ft
Lot Size
0.14 acres
Ownership
Fee Simple
Days on Market
7
MLS® Listing#
4002527
Property Features
Cooling
Heating
Basement
Parking
Construction
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$28,429
Tax year 2024
Assessed Value
$905,100
Parcel Number
1605-00510-0000-00024-0000-
Directions
Garden State Parkway to Central
Affordability Calculator
$300,000
Estimated monthly payment
$7,984/mo
Principal $1,200,000 · Est. interest $1,674,107 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in East Orange City, NJ
- $614,736
- Median Listing Price
- 50
- Median Days on Market
- 1,447
- Median Sq Ft
- $381
- Median Price / Sq Ft
- 3,547
- Active Listings
- This home’s price is 144% above the area median.
- Its price per sq ft is 47% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in East Orange City, NJ.
Location
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Points of Interest in East Orange City, NJ
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|---|---|---|---|---|
| 363 10Th Ave, Paterson City, NJ | $1,050,000 | 7 | 5 | — |
| 86 Bartholdi Ave, Jersey City, NJ | $1,050,000 | 7 | 3 | — |
| 86 BARTHOLDI AVE, Jersey City, NJ | $1,050,000 | 7 | — | — |
| 2741 Pacific Ave, Atlantic City, NJ | $1,050,000 | — | — | 9,032 |
| 363 10Th Ave, Paterson City, NJ | $1,050,000 | — | — | 3,620 |
| 10 PROVOST ST 1805, Jersey City, NJ | $1,050,000 | 2 | 2 | 948 |
Moving Cost Estimate
EXIT Agents in East Orange City
Listing Courtesy: COLDWELL BANKER SCHIAVONE & ASSC. - 6092919400